“They (Alteria Capital) are quick to understand the needs of the business and are long-term partners. Venture debt is a great alternative source of capital for high-growth businesses like Portea,” Meena Ganesh, chief executive officer of Portea, said in a statement.Portea operates across primary care, chronic disease management, elder care and post-operative care. It offers services such as physiotherapy, doctor consultations, new mother-and-baby care, specialty pharmacy, nutritional wellness, diabetic care, surgery discovery and tele-consultation.

“Providing affordable, convenient healthcare services at home is a massive value proposition which is relevant for not just the Indian market but other emerging markets as well,” said Vinod Murali, managing partner at Alteria Capital.

A little over two months earlier, Alteria Capital made the second close of its maiden Alteria Capital India Fund I with commitments of more than Rs 625 crore. Anchor investments to Alteria’s fund included those from IndusInd Bank, SIDBI and a large domestic office family fund.

Alteria provides venture debt to startups with cheque sizes ranging from Rs 2 crore to Rs 100 crore. The firm, cofounded by Murali and Ajay Hattangdi, who previously helmed the venture debt play at Temasek-backed InnoVen Capital India, counts some of India’s top consumer and technology startups in its portfolio, including Fingerlix, Toppr Technologies, Raw Pressery, Vogo Bikes, Dunzo and Vinculum.